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Engro Secures CCP Approval for $563 Million Deal to Acquire Jazz’s Deodar Tower Assets

  • Engro Corporation receives approval from the CCP to acquire Jazz's Deodar Tower Assets for $563 million.
  • Engro Connect to acquire control of Deodar's full network of 10,500 telecom towers, expanding its market share to over 53%.
  • The deal to improve telecom infrastructure by allowing facilities sharing and cost management for mobile network carriers.
  • The acquisition expected to enhance Pakistan's telecom industry and support digital transformation in the sector.

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